Axios

Car designer Henrik Fisker this week raised more than $1 billion for his namesake electric car company, but unlike other electric vehicle entrepreneurs attracting capital recently, making cars is not part of his plan.

Why it matters: In an industry ripe for reinvention, Fisker's aim is to become the Apple of the automotive world — a fabless manufacturer that designs and markets cool cars but farms out the production to others, avoiding the huge capital outlays and manufacturing pitfalls that have dogged Tesla for a decade.

Increased working from home and use of e-commerce will be "powerful and enduring" in the U.S. — potentially enough to reduce auto miles traveled by up to 9% going forward, according to a new KPMG analysis.

Why it matters: The behavioral changes that stick around once the coronavirus crisis passes will affect power use, driving levels and oil demand — with repercussions for all those industries.

An International Energy Agency analysis finds that remote work produces net energy savings in households that otherwise commute by car, because the drop in motor fuel use outweighs increased residential energy needs.

Why it matters: It's one thing that will influence carbon emissions levels going forward. "[F]or people who commute by car, working from home is likely to reduce their carbon dioxide (CO2) footprint if their journey to work is greater than about 6 kilometers," they note.

The OPEC+ coalition is entering the next phase of fraught market-management efforts that have repercussions for the battered U.S. oil industry.

Driving the news: The group yesterday agreed to press ahead with plans to begin increasing output as demand haltingly recovers.

A group of the world's largest oil-and-gas companies this morning pledged near-term cuts to greenhouse gas emissions from their operations.

Why it matters: It's the latest step by energy giants — including Exxon and state-owned behemoths like China's CNPC — to address climate change. Activists say, however, the industry as a whole is moving far too slowly compared to the scope of the problem, especially outside of Europe.

The war against plastic is losing, for now, to the war against the coronavirus.

Where it stands: Reusable everything, from bags to utensils, is considered a potential spreader of COVID-19, so businesses across the spectrum are swapping multi-use products for single-use alternatives, most of which is plastic.